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RPM ANNOUNCES 50 PERCENT STOCK DIVIDEND AND 6 PERCENT INCREASE IN CASH DIVIDEND

 RPM ANNOUNCES 50 PERCENT STOCK DIVIDEND AND
 6 PERCENT INCREASE IN CASH DIVIDEND
 MEDINA, Ohio, Oct. 9 /PRNewswire/ -- RPM, Inc. (NASDAQ: RPOW) today announced that its board of directors, at a meeting immediately before its annual meeting, declared a 50 percent stock dividend and a 6 percent increase in its quarterly cash dividend rate to $.18 per share.
 The directors' actions were taken in recognition of RPM's record first quarter results and strong future outlook. The 50 percent stock dividend is payable Dec. 4, 1992 to shareholders of record Nov. 20, 1992. The $.18 per share cash dividend is payable on Oct. 30, 1992 to shareholders of record Oct. 19, 1992. Future quarterly cash dividend payments will reflect the 50 percent stock dividend and will be paid at the adjusted rate of $.12 per share.
 RPM has increased its annual cash dividend to its shareholders for 19 consecutive years and has had nine major stock dividends over the same period of time. The stock dividend and increase in cash dividend indicates the board's confidence in the positive outlook for RPM and its strong growth.
 RPM, Inc. is a manufacturer of specialty coatings and chemicals for the waterproofing, corrosion-control and consumer do-it-yourself and hobby and marine markets. RPM markets products to approximately 75 countries and operates 44 plants in the United States, Canada and Europe. RPM shares are traded on the NASDAQ National Market System. The fiscal year ended May 31, 1992 was RPM's 45th consecutive record year of sales, earnings and earnings per share, with sales of $552,091,783, earnings of $34,466,387 and earnings per share of $1.10.
 -0- 10/9/92
 /CONTACT: Thomas C. Sullivan or James A. Karman, both of RPM, Inc., 216-273-5090/
 (RPOW) CO: RPM, Inc. ST: Ohio IN: CHM SU: DIV


KK -- CL005 -- 8428 10/09/92 14:49 EDT
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Publication:PR Newswire
Date:Oct 9, 1992
Words:308
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